GMP Equalisation Working Group Supplemental Guidance

G M P E q u a l i s a t io n W o r k i n g G ro up S u pp l e m e n t a l G u id a n c e Allowing for Anti-franking when achieving GMP Equality September 2021 Supplemental Guidance on allowing for Anti-Franking when achieving GMP Equality Section Content Page 1 Introduction 1 2 Anti-franking 1 3 Key anti-franking issues for GMP equality 2 Appendix 1 summary of techniques i Appendix 2 Examples iii A c k n o w l e d g m e n t s PASA is grateful to the authors of the Guidance and members of the GMP Equalisation Anti-Franking subgroup and their employers.

requests from the industry, this supplement to that Guidance examines the interaction of anti-franking and GMP equalisation in more detail, considering why anti-franking is important and suggesting approaches to deal with key areas of uncertainty. It doesn’t provide a full manual for anti-franking calculations; we

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